What is the net profit margin for TJX Inc. if the current ratio = 2; total asset turnover =1.5; total assets = $100,000; and EBIT = $30,000? Assume the marginal tax rate for TJX is 40% and that interest expenses are $10,000.© BrainMass Inc. brainmass.com October 10, 2019, 2:21 am ad1c9bdddf
Net Profit Margin = Net Income/Sales
Total Asset Turnover = ...
The solution explains how to calculate net profit margin.